Industry Policy In Making

Jan 04, 2004

IN a stern New Year’s message last week, President Yoweri Museveni has revealed that he is soon to announce a major blueprint including a special fund to quicken industrialisation in Uganda.

By Alfred Wasike
IN a stern New Year’s message last week, President Yoweri Museveni has revealed that he is soon to announce a major blueprint including a special fund to quicken industrialisation in Uganda.
"The implementation machinery of the Government is not satisfactory to me at all. It is too slow and too indifferent to the needs of the people. This frustrates the industrialisation process as well as the poverty eradication programmes at the homestead levels," he said last Wednesday night.
He warned government officials who frustrate investment to vacate their positions immediately for others who can deliver in the interests of Uganda.
"I am discussing this with the Cabinet. We need serious rectification measures here. By the 26th of January 2004, I will communicate to the country the rectification measures that will have been agreed upon in respect of setting up an adequate industrialisation fund, bring micro – finance closer to the people as promised in my manifesto and addressing other implementation weaknesses," he said.
He emphasised Uganda’s seven strategic challenges as transformation from a pre-industrial to a modern industrial society; creation of more jobs, widening the tax base, more infrastructure development, market integration/access (regionally and internationally), human resource development (education and health for all Ugandans); and building a viable state.
He said industrial growth in 2003 was at 6.7% and projected overall Gross Domestic Product at 5.6% by June 2004.
(GDP) rate of growth in the Financial Year 2003/2004 to be 5.6%. Ends

(adsbygoogle = window.adsbygoogle || []).push({});